Old Second Bancorp Files Routine 8-K

Ticker: OSBC · Form: 8-K · Filed: 2024-12-17T00:00:00.000Z

Sentiment: neutral

Topics: 8-K, routine-filing, sec-filing

TL;DR

OLD SEC BANCORP FILED A 8-K, NOTHING MAJOR TO REPORT.

AI Summary

On December 17, 2024, Old Second Bancorp, Inc. filed an 8-K report. The filing indicates no specific material events or transactions were disclosed beyond routine reporting requirements. The company, based in Aurora, Illinois, operates in the commercial banking sector.

Why It Matters

This filing serves as a standard update for investors, confirming no significant new information requiring immediate disclosure has occurred as of December 17, 2024.

Risk Assessment

Risk Level: low — The filing is a routine 8-K with no disclosed material events, indicating no immediate new risks or opportunities.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing for Old Second Bancorp, Inc.?

The primary purpose is to serve as a Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, indicating the date of the report is December 17, 2024.

Where are Old Second Bancorp, Inc.'s principal executive offices located?

The principal executive offices are located at 37 South River Street, Aurora, Illinois 60507.

What is the Commission File Number for Old Second Bancorp, Inc.?

The Commission File Number for Old Second Bancorp, Inc. is 000-10537.

What is the IRS Employer Identification Number for Old Second Bancorp, Inc.?

The IRS Employer Identification Number for Old Second Bancorp, Inc. is 36-3143493.

Does this filing disclose any specific material events or transactions?

Based on the provided text, this filing appears to be a routine 8-K with no specific material events or transactions disclosed beyond the standard reporting requirements.

Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-12-17 17:30:08

Key Financial Figures

Filing Documents

01

Item 8.01 Other Events. The Board of Directors of Old Second Bancorp, Inc. (the "Company") has authorized the repurchase of up to $39.1 million of shares of the Company's common stock (the "Repurchase Program"). On December 16, 2024, the Federal Reserve Bank of Chicago (the "Federal Reserve") informed us of their non-objection for the Repurchase Program. Repurchases by the Company under the Repurchase Program may be made from time to time through open market purchases, trading plans established in accordance with U.S. Securities and Exchange Commission rules, privately negotiated transactions, or by other means. The actual means and timing of any repurchases, quantity of purchased shares and prices will be, subject to certain limitations, at the discretion of management and will depend on a number of factors, including, without limitation, market prices of the Company's common stock, general market and economic conditions, and applicable legal and regulatory requirements. Repurchases under the Repurchase Program may be initiated, discontinued, suspended or restarted at any time; provided, that repurchases under the Repurchase Program after December 31, 2025 would require Federal Reserve non-objection or approval. The Company is not obligated to repurchase any shares under the Repurchase Program. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OLD SECOND BANCORP, INC. Dated: December 17, 2024 By: /s/ Bradley S. Adams Bradley S. Adams Executive Vice President, Chief Operating Officer, and Chief Executive Officer

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